Trader Behind $6.4 Billion Fraud Leaves Prison After Less Than Four MonthsBy
Jérôme Kerviel, convicted of fraud in one of the biggest rogue-trading cases in history, will be released from prison on Monday after spending less than four months behind bars. He will have served just 114 days, to be exact, only a fraction of the prison time faced by lesser rogue traders imprisoned elsewhere. None of those convicts can touch the €4.9 billion ($6.3 billion) that Kerviel cost Société Générale, the French bank where he once worked.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.